Multilateral Development Banks: International Organizations or Profit-Oriented Enterprises
Multilateral Development Banks: International Organizations or Profit-Oriented Enterprises

Summary/Abstract: The article describes the role of multilateral development banks in financing economic and social changes in the world. The structure, directions and priorities of these international organizations and the process of selection of projects they finance have been analyzed. Individual features of these organizations have also been characterized. The data for analysis are mostly official information published by Multilateral Development Banks (in reports or websites) as well as analyses prepared by independent institutions (e.g., the Word Bank, or NGOs). The paper is trying to answer the question whether Multilateral Development Banks are international organizations driven by the desire to help by supporting investments, or whether it is more important for them to generate economic profit and strengthen their international position.The article describes the role of multilateral development banks in financing economic and social changes in the world. The structure, directions and priorities of these international organizations and the process of selection of projects they finance have been analyzed. Individual features of these organizations have also been characterized. The data for analysis are mostly official information published by Multilateral Development Banks (in reports or websites) as well as analyses prepared by independent institutions (e.g., the Word Bank, or NGOs). The paper is trying to answer the question whether Multilateral Development Banks are international organizations driven by the desire to help by supporting investments, or whether it is more important for them to generate economic profit and strengthen their international position.

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